The Caisse de dépôt et placement du Québec is reinvesting $25 million in the Quebec Emerging Managers Program.
The investment is part of a $110-million contribution and will promote the growth of Quebec’s emerging managers and support its asset management ecosystem, according to a press release, which noted the Caisse’s initial $25-million investment was in 2016. The other investors include the Government of Québec, the Fonds de solidarité FTQ and Fondaction.
“[The Caisse] is delighted to reaffirm its commitment to the QEMP to support the success of Quebec’s emerging asset managers,” said Mario Therrien, head of investment funds and external management at the Caisse, in the release. “In addition to strengthening local financial expertise, our renewed involvement aligns with our desire to build a Quebec economy that is more dynamic, competitive and sustainable for the long term.”